Straipsnyje analizuojamas nekilnojamasis turtas, kuris apibrėžiamas kaip reikšmingas visos šalies ekonomikos variklis. Teoriniu aspektu aptariami atlikti moksliniai tyrimai, nagrinėjantys įvairių veiksnių įtaką nekilnojamojo turto kainoms. Išanalizavus šiuos veiksnius, straipsnyje atliekamas ekonometrinis tyrimas (naudojamas mažiausių kvadratų metodas), siekiant įvertinti šių veiksnių poveikį naujos statybos butų kainoms Vilniuje. Nustatyta, kad didžiausią poveikį naujos statybos buto kainai turi jo padėtis mikrorajone, apdailos pobūdis, aukšto padėtis pastate bei plotas.

Due to the inefficient formal governance mechanisms in Asian emerging markets, informal mechanisms are often more important than formal ones. Among the informal mechanisms, interpersonal relationships, known as guanxi, play an important role in providing firms access to diverse resources, reducing uncertainty and transaction costs. However, the literature has paid insufficient attention to whether or not the practice of guanxi is different between family firms and non-family firms. This article reviews relevant research in this stream and argues that the practice of guanxi in family firms seems to be healthier, more stable and with long-term commitments. In contrast, practice of guanxi in non-family firms seems to be more opportunistic, detrimental, and time variant.

The aim of this paper is to assess financial transparency of TOP 100 Lithuanian companies (according to the sales revenue) based on financial information provided in their webpages. Results of the conducted analysis revealed that financial transparency of the sample companies is low as 56 % of the analysed companies did not disclose any financial information on their websites, while financial statements were available only in the websites of 31 % companies.

This study investigates the creative industries and the phenomena that it influences in the economy of today’s world. Based on an extensive academic literature review, the creative industries are listed and defined, together with the concepts of culture and creativity, and a list of economic indicators is created. The scope of the research is composed of 32 European countries and is based on the years from 2007 to 2018. Following the theory of the literature, three hypotheses are made, regarding the impact of the creative industries on the economy of the studied countries, the impact on the economy of Western Europe compared to other cultural groups, and the impact on the economy of the first development level group compared to other development level groups. The results show a clear positive influence of the creative industries on the economy, with the limitation that a strong culture can cause a negative impact, and that development level is not necessarily a proof of positive influence.

This article is examining whether another dividend repatriation holiday, which is now considered in US after the most recent holiday in 2004, is proper. Preceding the 2004 holiday, many Fortune 500 financial statements potentially misled the public. Many described earnings as “permanently reinvested” overseas, allowing omission of foreign tax expense under Accounting Principles Board (APB) 23. However, these earnings were not “permanently reinvested” overseas because they were repatriated the moment the holiday was enacted. The aim of this paper is to determine the degree to which US companies may have violated securities regulations. In that process then, whether they deserve another tax repatriation holiday as currently proposed can be more appropriately determined.

This article aims to assess the impact of financial literacy of Lithuanian high school students on their saving behavior in the short run. The survey questioned objective and subjective financial literacy, saving level, regularity in saving, saving motives, attitude towards saving, saving motivation and confidence in the saving skills of Lithuanian high school students. This data was used to assess financial literacy as a factor of more rational saving behavior of researched adolescents.

The paper analyses what is the level of audit fee disclosure among the companies listed in Nasdaq OMX Baltic and what are the factors influencing the amount of audit fee. Analysis revealed that 43.94Â % of listed companies had disclosed and 31.82Â % of the companies had never disclosed their audit fees during all analized period of 2008““2013. Even in 2013, when such disclosure became compulsory according to IFRS requirements, 36.36Â % of companies retained their undisclosure practices. The factors having direct impact on audit fee of Baltic listed companies are firm size, risk and audit by Big 4 audit company. Reverse impact on the size of audit fee is determined by belonging to the industry, firm“™s profit and the change of an auditor.

The article discusses interrelationships between mergers and acquisitions (M&A’s) and development of national economies. Accordingly to the performed extensive literature review, various economic theories explain the relationships between M&A’s and development of national economies. The paper suggests that research in the field of interrelationships between mergers and acquisitions and development of national economies shall be executed from a holistic approach and can not be isolated from the broader perspective. Future research shall devote resources to perform an empirical analysis in order to support identified interconnections.

Time series models are increasingly widely used for predicting future stock prices. Advancing information technology and data analysis tools allow traders and investors to use these models easily for forecasting risk reduction and profits increase. The authors use classical decomposition, exponential smoothing and ARIMA models to forecast the OMXV index. Multivariate regression is also used to estimate the short-term impact of industrial production, inflation, interest rates, exchange rates, oil price and unemployment on OMXV index. The study finds that exponential smoothing an ARIMA models have good accuracy using one-step ahead forecast. Only oil prices seem to have a small positive impact and inflation – a negative impact on the index.